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European Salon de News, Discussion et Klatsch - 8 October

by Nomad Mon Oct 8th, 2012 at 07:09:47 PM EST

 A Daily Review Of International Online Media 


Europeans on this date in history:

1585 - birth of Heinrich Schütz, a German composer generally regarded as the most important German composer before Johann Sebastian Bach. He has been credited to write the first German opera: Dafne (Opitz-Schütz) (d. 1672)

More here and here

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by Nomad (Bjinse) on Sun Oct 7th, 2012 at 05:16:56 PM EST
The Greek message for Angela Merkel | Alexis Tsipras | Comment is free | The Guardian

As Angela Merkel visits Athens on Tuesday, she will find a Greece in its fifth consecutive year of recession. In 2008 and 2009, the recession was a spillover from the global financial crisis. Since then it has been caused and deepened by the austerity policies imposed on Greece by the troika - of the International Monetary Fund, the European Union, the European Central Bank - and the Greek government.

These policies are devastating the Greek people, especially workers, pensioners, small businessmen and women, and of course young people. The Greek economy has contracted by more than 22%, workers and pensioners have lost 32% of their income, and unemployment has reached an unprecedented 24% with youth unemployment at 55%. Austerity policies have led to cuts in benefits, the deregulation of the labour market and the further deterioration of the limited welfare state that had survived a neoliberal onslaught.

The government argues that only the austerity agenda can make the Greek public debt viable again. But the opposite is true. Austerity policies prevent the economy from returning to growth. Austerity creates a vicious spiral of recession and an increase in debt that in turn leads both Greece and its lenders to calamity.

by Nomad (Bjinse) on Mon Oct 8th, 2012 at 04:07:53 PM EST
[ Parent ]
Chancellor Angela Merkel Faces Protests During Athens Trip - SPIEGEL ONLINE

German Chancellor Angela Merkel will undertake what is being billed as the toughest trip of her career on Tuesday when she travels to Athens for the first time since the start of the euro crisis.

OAS_RICH('Middle2'); Merkel, hated by many Greeks who hold her personally responsible for their economic plight, will encounter massive protests by Greece's left-wing opposition and trade unions.

"She does not come to support Greece, which her policies have brought to the brink. She comes to save the corrupt, disgraced and servile political system," said Alexis Tsipras, who leads the opposition Syriza alliance. "We will give her the welcome she deserves."

Merkel's spokesman, Steffen Seibert, made the surprise announcement of her visit at a regular government news conference last Friday. "I say it's a normal visit because Greece and Germany are close partners within the EU and the euro zone and because we work very closely together," said Seibert.

Massive Security

But given the attention German newspapers were devoting to Merkel's security arrangements for the visit -- a trip to what is, after all, a European partner -- it is clear that the visit is anything but normal. Some 7,000 police drafted from all over Greece will be deployed in Athens where they will turn the government district into a No-Go area for protesters during her six hours of talks with Prime Minister Antonis Samaras, President Karolos Papoulias and industry representatives.

by Nomad (Bjinse) on Mon Oct 8th, 2012 at 04:10:54 PM EST
[ Parent ]
Will Greece get a loan from Germany to pay for all the security ?

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Tue Oct 9th, 2012 at 03:06:35 AM EST
[ Parent ]
Surely if they have any sense they will simply refuse to provide security. Let Merkel bring her own.
by Metatone (metatone [a|t] gmail (dot) com) on Tue Oct 9th, 2012 at 05:59:18 AM EST
[ Parent ]
Heh. They might be concerned that Merkel's security could be hard to get rid off once it arrives.
by generic on Tue Oct 9th, 2012 at 06:43:25 AM EST
[ Parent ]
From Eurointelligence (linked earlier today:
Is Merkel's visit to Athens heading for a PR disaster?

Angela Merkel's visit to Athens is a gamble. She wants to demonstrate her commitment to Greece staying in the eurozone. But if the protests end in chaos with pictures of German flags burning, it will only reinforce the German public's view that Greece is a lost cause. The visit is not helping to calm down the anger of the Greek public either.  For many Greeks she is seen as the main author or enforcer of drastic austerity measures. It is unlikely that Merkel will give any concessions, she already made this clear earlier. But a simple statement of commitment to Greece's reform effort is hardly going to appease the angry crowd. For today's visit 7000 police officers have been deployed to Athens, the biggest security operation in the Greek capital since 1999 when Bill Clinton visited as US president.

Merkel to Schaeuble: "these Greeks can't put on a Potemkin village worth a damn".

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Carrie (migeru at eurotrib dot com) on Tue Oct 9th, 2012 at 06:48:04 AM EST
[ Parent ]
What evidence is there that she doesn't want TV pictures of burning flags to spur German exit from the Euro?
by Metatone (metatone [a|t] gmail (dot) com) on Tue Oct 9th, 2012 at 06:50:58 AM EST
[ Parent ]
@Queen_Europe

A girl from Berlin, 7000 Greeks in uniform and an elephant in the room. Could be the start of a very bad joke or a f*ing amazing circus act.



I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Carrie (migeru at eurotrib dot com) on Tue Oct 9th, 2012 at 06:52:07 AM EST
[ Parent ]
If she wanted to leave the Euro, she has all the pretext she needs without going anywhere she might end up stopping a bullet.

But she doesn't, because then all the Euro-denominated debts would go up in a puff of D-Mark appreciation. She wants everyone else to leave the Euro but keep the hard currency debts (no that's not gonna happen, but Merkel and Stasi 2.0 are delusional and in denial).

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Oct 9th, 2012 at 06:55:04 AM EST
[ Parent ]
There were no burning flags. Just a large group of former special forces Just Spanish and Venezuelan ones. People who attempted to show themselves to the Merkel convoy had this happen to them:

The victim is a worker at Henri Dunant hospital, 8 months now unpaid...

The road of excess leads to the palace of wisdom - William Blake

by talos (mihalis at gmail dot com) on Tue Oct 9th, 2012 at 10:11:36 AM EST
[ Parent ]
Angela Merkel (not): @Queen_Europe
Hello everybody. pic.twitter.com/ZBC0DK5q



I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Carrie (migeru at eurotrib dot com) on Tue Oct 9th, 2012 at 06:51:16 AM EST
[ Parent ]
@AthensNewsEU
Is #Merkel wearing the same blazer she had on when #Germany bet #Greece in the Euro2012 quarter finals? #o9gr http://ow.ly/i/10qQ4


I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Carrie (migeru at eurotrib dot com) on Tue Oct 9th, 2012 at 08:38:46 AM EST
[ Parent ]
Home-grown terror suspect reignites French fears - FRANCE - FRANCE 24

For Jérémie Louis-Sidney, France's latest home-grown terror suspect, the end came swiftly and violently.

On Saturday morning, the 33-year-old Frenchman was sitting on a couch in a Strasbourg apartment when special anti-terror police officers stormed into the premises, according to police sources.

Louis-Sidney immediately fired at them with a .357 Magnum, emptying his Smith & Wesson pistol barrel before he was shot dead by police.

Three police officers were injured - including one who was shot in the chest and another in the head. They were both protected by their helmets and body armour.

Louis-Sidney, a recent convert to Islam, was in the home of "one of his two religious wives" - a 22-year-old woman - her 6-year-old daughter and a one-month-old infant, according to Paris prosecutor François Molins.

But not much is known about the man at the heart of Saturday's nationwide anti-terror raids that resulted in Louis-Sidney's death and the arrests of 11 other terror suspects.

by Nomad (Bjinse) on Mon Oct 8th, 2012 at 04:11:51 PM EST
[ Parent ]
EUobserver.com / Regions & Cities / Regional funding at stake as EU states battle over budget
EU budget negotiations are famous for bringing out the worst of what's-in-it-for-me politics.

Every seven years, the EU's coffers need to be refilled. All governments contribute. The cash is then redistributed among member states who fight tooth and nail to get their due.

So far, so very EU long-term budget. But the current economic crisis means talks on the next budget (2014-2020) are tougher than usual.

There is less money to go around and richer states are feeling the pinch.

"This is going to be an extremely important budget because Europe desperately needs growth and jobs," says Danuta Huebner, head of the parliament's regional affairs committee.

"In the current reality, when the national budgets will continue to suffer cuts, it is the EU budget that can really be the catalyzer for investment and growth," she adds.

by Nomad (Bjinse) on Mon Oct 8th, 2012 at 04:20:09 PM EST
[ Parent ]
Europe, not good enough for the French | Presseurop (English)

The French parliament is set to vote on the Fiscal Compact on Tuesday 9 October. But the new proposals Paris has made to reform the European Union are further evidence of the complacency and provincialism of the country's pampered political class, writes a French journalist.

There has already been one casualty in the debate on the Fiscal Compact: France's reputation as a European strategist. No one in Europe can have any further doubts: France has no "grand design" or "secret plan" that could set down the foundations for a European political and institutional "new deal" that would reconcile the social market economy with the constraints of Darwinian globalisation.

The need for such a deal is critical, especially in the context of the solutions adopted over the last four years, which have strained the existing architecture almost to breaking point, and have ridden roughshod over democratic principles. Of course, as the Prime Minister announced, France will "submit proposals" in the run-up to the European Council summit on 17 and 18 October, which will probably be the first in a long series of meetings devoted to the reform of the union. But we can already imagine that in their bid to satisfy a wide range of sensibilities these proposals will be extremely prudent and radically pragmatic. We can therefore fear that they will be out of place in the debate already launched in Brussels and Berlin.

For weeks, European Council President Herman van Rompuy has been refining his idea of a "Eurozone budget". The principle of modifying union treaties has to all intents and purposes been accepted, if only to include the 500 billion euro European Stability Mechanism, which is expected to come into force in 2013. The German government has already announced that it is willing to organise a referendum in the federal republic in the event that proposed changes might affect its sacrosanct constitution. So what is behind the spineless approach adopted by Paris? There are all sorts of political reasons as well as a wide range of legitimate reservations that focus on the liberal DNA of the European Commission or even on the principle of supranational union, which is a debate as old as the European community itself.

by Nomad (Bjinse) on Mon Oct 8th, 2012 at 04:21:29 PM EST
[ Parent ]
Nomad:
France has no "grand design" or "secret plan" that could set down the foundations for a European political and institutional "new deal" that would reconcile the social market economy with the constraints of Darwinian globalisation.

I'd take "social market economy" out of there (it's the German name for the German system that reacts to globalisation by depressing wages), but otherwise the statement is sadly true.

by afew (afew(a in a circle)eurotrib_dot_com) on Tue Oct 9th, 2012 at 02:33:33 AM EST
[ Parent ]
"Social market economy" is NOT "the German name for the German system that reacts to globalisation by depressing wages". There are some big business initiatives which work hard to take over that term and apply it to their neoliberal policies (see "Initiative Neue Soziale Marktwirtschaft" http://www.insm.de/en/).

Real "social market economy" is much more social than that, but on the demise.

Quote from Wikipedia:


The social market economy seeks a compromise between social democracy, Christian social teaching and laissez-faire economic liberalism, combining private enterprise with government regulation to establish fair competition, maintaining a balance between a high rate of economic growth, low inflation, low levels of unemployment, good working conditions, social welfare, and public services, by using state intervention.[1] The term "social" was chosen rather than "socialist" to distinguish the social market economy from a system in which the state directed economic activity and owned the means of production,[2] which are predominately privately-owned in the social market model.

In the 90ies and early 2000s I still hoped Germany would hold out long enough until the neoliberal model crashed, but sadly, our "social" democrats have had nothing better to do than to implement the same neolib "reforms" as soon as possible.

_______________________________________________

"Those who fight might lose, those who don't fight have already lost." - Berthold Brecht

by RavenTS on Tue Oct 9th, 2012 at 07:49:09 AM EST
[ Parent ]
this is a vampire squid economy, wealth trickles up into a collective deluge to the 1%.

it's a machine designed to do just that, with bought and sold neoliberal governments, janus left-looking parties who are stooges for the status quo.

there's one teeny weeny problem... europeans have become accustomed to a lifestyle that is unsustainable, and the people are not going back to the feudal system now we've seen the  paree of what a united europe with a booming economy could feel like.

in a perfect world, the economic system would be constructed to circulate money and make credit easier to obtain, but designing economic tools is way above the average voter's head, especially when too pressed by survival.

every time a fake left pol like blair, clegg, zapatero, miliband or hollande comes along, they mouth the old platitudes but each iteration the message sounds more threadbare, diluted by the continued previous disappointments, as hopeful believers trusted, and suffered the pain of disillusion as erstwhile heroes bent to the centre and became washed out parodies.

and the general discontent spreads like a virus, as more and more ordinary people realise they are caught like flies in amber, their lives burned on the altar of enriching the few, or serving their every whim.

awareness, especially of history, is what we need. it is the only weapon big enough to change the situation without drawing blood. enough awareness building will discomfit these fake 'leaders' as they parade from their E1000 dinners and 'meetings' at which they try to reshuffle the doctored deck of finance so the public will always stay a step too ignorant to unravel their comic book schemes of world domination-through-extortion and social regression. their banks have the people in a half nelson of austerity, one arm tied to unending debt, leaving them to struggle one-handedly to create a new 'boom', all the while looking at a future so bleak they fear for their children's survival in such a dog-eat-dog world, a neoliberal paradise at home, neocon wet dreams as foreign policy.

such a waste :(

how much public pain does it take to reverse a  government's attachment to rebuilding a folly?

how many stormtroopers to defend addled leaders?

how many busted heads, how many social programs thrown away so we can kick afghan ass?

how many days till we have had enough of the many having to crawl so the few can fly?

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Tue Oct 9th, 2012 at 03:49:20 PM EST
[ Parent ]
That was something of a deliberate exaggeration on my part. But the Wikipedia quote is way exaggerated in the opposite sense. In fact, the German social market economy never amounted to much, with the exception of Bismarckian institutions concerning national health and collective bargaining (that still apply to part of the workforce while the rest can go hang). Neoliberalism is not recent: the very term was coined in the late 1930s by Alexander Rüstow, one of the German economists who would later be known as Ordoliberals, who dominated the creation of the new West German poster-child economy after 1948. That economic organisation was predicated on extremely free-market liberal principles, in particular the non-intervention of the state in economic matters and the independence of the central bank, on which there was no "compromise" at all.

So I don't see it as you do, that there was a "good" social market system until neoliberal policies got in and broke it. It was fundamentally ultra-liberal all along. As the man who got the credit for the (much Cold-War touted) "economic miracle" in the 1950s, Chancellor Erhardt, said, "The market is social".

by afew (afew(a in a circle)eurotrib_dot_com) on Wed Oct 10th, 2012 at 04:32:33 AM EST
[ Parent ]
EADS-BAE Fusion Fails amid Bickering among Germany, France and Britain - SPIEGEL ONLINE
The planned mega-merger between EADS and BAE appears to have failed, but the blame game between Britain, Germany and France has only just begun. Relations between Berlin and EADS may have taken the biggest hit -- and the aerospace giant's employees might ultimately pay the highest price.

After just 30 minutes, the videoconference was over -- and the great dream seemed to have come to an end, the dream of the world's largest defense company.

Last Friday, advisers from the German, French and British governments met for a decisive meeting. The subject was the planned merger of EADS, the Franco-German aerospace company, and the British defense giant BAE Systems.

The experts quickly got to the point. Prior to the conference, they had consulted with their biggest customers on how far they could go. They had very little wiggle room in their negotiating positions.

Then the inevitable happened: The meeting broke up. And since then, bickering has dominated the proceedings, particularly relating to the question regarding who is to blame for the breakdown of the talks.

What happened between the three European countries last week is nothing short of a political-economic earthquake -- a seismic tremor that potentially puts thousands of jobs at risk. At its epicenter stands a man who was pushing for the deal more than anyone else: Thomas Enders.

Enders became the CEO of EADS in June, after having held the same position at its Airbus subsidiary since 2007. He immediately launched secret talks with Ian King, his counterpart at BAE. His self-assertiveness quickly earned him enemies within the German government.

by Nomad (Bjinse) on Mon Oct 8th, 2012 at 04:22:20 PM EST
[ Parent ]
Why Europe needs the BAE-EADS merger to succeed | David Gow | Comment is free | guardian.co.uk

The proposed pan-European aerospace and defence merger between BAE and EADS may not fly; many now believe it will collapse by the UK Takeover Panel's deadline of 5pm on Wednesday. This would be more than a pity. It would be a hammer blow to Europe's industrial base and future as a centre of innovation and cutting-edge technology just as the competition moves up several gears.

There are good grounds to promote the €35bn (£28bn) merger in the face of mounting criticism from both France and Germany and, of course, the UK. A cross-border fusion on this scale is bound to raise concerns when security and strategic interests are at stake. But the overall interests of Britain, France and Germany are best served if it goes ahead.

The main argument against it is the size of the shareholdings to be held by the French and German states. Their stakes will be 9% each under the current plans (accepted by the UK) but could be an unacceptable 13.5% if both Lagardère, the French media group, and Daimler, the German auto concern, wholly divest their holdings. This, the rejectionist 45 backbench Tory MPs and the ex-chancellor Alistair Darling argue, would enable them to take the UK "to the cleaners". Philip Hammond, the UK defence secretary, says that it is a "red line".

Tom Enders, the merger's main architect and EADS chief executive, has wanted the exit of Berlin and Paris since the group was formed in 2000 - as did, to a lesser extent, his French predecessor, Louis Gallois. Angela Merkel's government is only holding on because the "étatiste" French are, and has no desire to spend €3-4bn on buying out Daimler which wants to sell and has done for some time. Lagardère, under Arnaud Lagardère, its chairman, almost sold out a few years back and will do so now if the price is right. That would certainly not be one that the cash-strapped Hollande government could afford.

Britain, in other words, could help broker a settlement that eases out the two continental states and their reluctant corporate proxies. The resistance from Paris (in particular) and Berlin might be too great. London, in that case, might not only threaten a veto through its "golden share" in BAE but also demand a holding of its own. A counter-intuitive proposal on these lines has already been outlined by Chatham House director Robin Niblett and Darling has hinted at the same.

by Nomad (Bjinse) on Mon Oct 8th, 2012 at 04:22:59 PM EST
[ Parent ]
Nomad:
Lagardère, under Arnaud Lagardère, its chairman, almost sold out a few years back and will do so now if the price is right. That would certainly not be one that the cash-strapped Hollande government could afford.

Lagardère's equity has been, as a matter of public notoriety, on sale for years, and the French state has shown no interest in buying. That would have been possible before the crisis, in 2006 for example, when the announcement of delays on the A380 brought the share price down from €33 to €20.

by afew (afew(a in a circle)eurotrib_dot_com) on Tue Oct 9th, 2012 at 02:44:06 AM EST
[ Parent ]
From a technology/innovation perspective - a European champion could be a good thing for Europe...

The fundamental problem for BAE is that this whole process, in particular questions of German/French state ownership, endangers it's status as a trusted arms supplier to the USA. And that puts a lot of money at risk.

Not sure how that gets sorted out.

by Metatone (metatone [a|t] gmail (dot) com) on Tue Oct 9th, 2012 at 06:06:37 AM EST
[ Parent ]
Assange surety backers ordered to pay up - The Local
Supporters of WikiLeaks founder Julian Assange who stood as sureties before he took refuge in the Ecuadorian embassy in London were ordered on Monday to pay £93,500 ($150,000) by next month.

Chief Magistrate Howard Riddle at Westminster Magistrates Court in London said the nine had to pay the sum to the court by November 6th.

Assange has been in Ecuador's embassy since June in a bid to avoid extradition to Sweden where prosecutors want to question him on sex assault allegations.

Britain has insisted it will arrest the 41-year-old Australian if he leaves the embassy premises.

Vaughan Smith, a documentary maker and businessman who let Assange stay on bail in his country mansion for more than a year, last week addressed the court on behalf of the nine sureties, arguing why they should not lose their money.

"We don't see how justice is served by punishing us for having done our best to serve the public interest in this complex and challenging case," he told the court.

"We submit that the sureties are wholly blameless, that we have worked assiduously to help Mr Assange to meet the requirements of the court."

In his judgement, Riddle acknowledged the nine backers had acted in good faith but said they must have known the risks when they agreed to support Assange.

"I accept that they trusted Mr Assange to surrender himself as required. I accept that they followed the proceedings and made necessary arrangements to remain in contact with him," he said.

"However, they failed in their basic duty, to ensure his surrender. They must have understood the risk and the concerns of the courts.

"Both this court and the High Court assessed that there were substantial grounds to believe the defendant would abscond, and that the risk could only be met by stringent conditions including the sureties," he said.

by Nomad (Bjinse) on Mon Oct 8th, 2012 at 04:24:03 PM EST
[ Parent ]
Yea, the system of bail doesn't work if the bail bond doesn't have to be paid

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Tue Oct 9th, 2012 at 03:11:36 AM EST
[ Parent ]
Bail paid by others is basically a nonsense concept - it's not like they are empowered to go and pull him out of the Ecuadorean embassy - the UK police would arrest them if they tried...
by Metatone (metatone [a|t] gmail (dot) com) on Tue Oct 9th, 2012 at 06:09:11 AM EST
[ Parent ]
A bit old fashioned, yes.
by Number 6 on Tue Oct 9th, 2012 at 10:39:14 AM EST
[ Parent ]
Eurointelligence Daily Morning Newsbriefing: IMF says downturn will be long (09.10.2012)
World Economic Outlook projects only 3.6% global growth in 2013, after 3.3% this year; slowdown is driven by advanced economies, notably eurozone; eurozone projected to contract 0.75% in H2 2012, with 0% in H1 2013, and 1% in H2 2013; forecasts are premised on assumption that the eurozone gets the debt crisis under control, and the US is not going to jump into the fiscal cliff; IMF disputes eurozone's optimistic assumption about the fiscal multiplier: says multiplier is very likely larger than one; the forecast for Spain is a contraction of 1.3% in 2013, with unemployment higher than everywhere, except Greece and Serbia; while the projections are falling, forward-looking sentiment indicators seem to have bottomed out, as the latest registered a slight upturn; Olivier Blanchard said the EU must quickly adopt a banking union and an extend an ESM cover to the Spanish banking system; 7000 Greek police officers have been deployed to protect Angela Merkel, as protests await her; commentators says her visit is a high-risk gamble that could easily backfire, both in Greece and in Germany; Antonis Samaras wants to secure Merke'l continued support for Greece, and a relaxation in conditions; the eurozone approved the next aid tranche to Portugal; the Portuguese government is to present its budget October 15, which includes the non-renewal of 40,000 fixed term contracts; there were more denials of a Spanish rescue; Italy hints it will not approve financial transactions tax until Germany approves banking union; observers says the latest tactics where reminiscent of Mario Monti's gamble at the June 28/29 European Council; female employment in southern Italy has fallen back to the level of 2004 - reversing the small progress made since then; Hans-Werner Sinn has now published what must be the first Target 2 book; John McHale, meanwhile, says a policy of structural primary surpluses should normally work, even in the case of Greece, but confidence is now so low that the approach is failing.


I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Carrie (migeru at eurotrib dot com) on Tue Oct 9th, 2012 at 04:14:52 AM EST
[ Parent ]
The FT offered some interesting and important details in its coverage. The IMF disputes government's use of the fiscal multiplier. While governments tend to use a multiplier of 0.5, the IMF's now looks at multipliers in the range of 0.9-1.7. "This finding is consistent with research suggesting that in today's environment of substantial economic slack, monetary policy constrained by the zero lower bound, and synchronised fiscal adjustment across numerous economies, multipliers may well be above 1." That means each euro of savings depresses GDP by more than a euro.


I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Carrie (migeru at eurotrib dot com) on Tue Oct 9th, 2012 at 04:16:31 AM EST
[ Parent ]
Target 2 - now for the book

Hans-Werner Sinn has brought the Target 2 to its logical (for him) conclusion with a public of a book, whose title is translated as the Target Trap. In this book, Hans-Werner Sinn explains in great detail to a lay audience, why the Target 2 system ultimately allows Germany to be blackmailed into agreeing ever larger transfers. The FAZ article has a summary of the reactions, which include several German economics professors who share Sinn's these. The Target balance is currently €700bn and expected to rise to €1 trillion relatively quickly. The Target 2 balances are a metric of intra-eurozone current account balances in the present of a broken banking sector.



I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Carrie (migeru at eurotrib dot com) on Tue Oct 9th, 2012 at 04:20:58 AM EST
[ Parent ]
Martin Wolf recently put the Target2 balances in the category of "easily found argument for a German Euro exit": Why exit is an option for Germany (September 25, 2012)
These flows do not alter the net cross-border claims. Suppose that owners of a Spanish bank account were to transfer their money to a German bank. This would increase the liabilities of the Spanish central bank and the assets of the Bundesbank, inside the eurosystem. Meanwhile, the German bank would have a liability to the Spanish depositor and a reserve position at the Bundesbank. The net position of Germany would be unchanged. But the net claims of the Bundesbank would rise, while those of Germany's private sector would shrink.

...

The danger for Germany, in the event of a break-up of the euro, is that there might be too much of the German currency as a result of non-residents' efforts to convert into the new money. The Bundesbank could prevent this, however, by restricting conversion to German residents alone. Losses would then fall on residents of the countries whose new currencies would collapse in value.

...

Exit is indeed an option. If it is rejected, as I predict, much the same adjustments will ultimately occur in even more painful ways. The alternative is the transfer union that Germans fear. Germany has paid a heavy price for the mercantilist strategy. Inside or outside the euro, it cannot - and must not - endure.



I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Carrie (migeru at eurotrib dot com) on Tue Oct 9th, 2012 at 04:27:48 AM EST
[ Parent ]
Hans Werner Sinn is becoming the Lysenko of German mainstream macroeconomics

Spiegel: Auf verlorenem Rechnungsposten (08.10.2012)

Wie schreibt man ein Buch über ein Thema, das verflixt wichtig ist - aber zugleich so abstrakt, dass es selbst Experten kaum verstehen? Hans-Werner Sinn hat sich an dieser Aufgabe versucht. Sein Werk über die Target-Salden hat Bestseller-Potential.
Lost in accounting (08.10.2012)
How does one write a book on a topic that is immensely important but at the same time so abstract that even Experts barely understand it? Hans-Werner Sinn has attempted the task. His work on Target balances has the potential to be a bestseller.
So, crackpot economics is billed by Spiegel as a potential bestseller as if it were a popularization of quantum mechanics or something.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Carrie (migeru at eurotrib dot com) on Tue Oct 9th, 2012 at 04:50:21 AM EST
[ Parent ]
What does 'mercantilist' mean in context?
Is it positive trade balance only, or do any of the other things in the wikipedia article still apply?

Do we expect law/tax/etc to be manipulated as much as possible (within EU rules) for national gain?

by Number 6 on Tue Oct 9th, 2012 at 04:53:24 AM EST
[ Parent ]
It means depressing the exchange rate (in the case of Germany in the Euro, the real exchange rate, by domestic wage repression, while trading partners are captive to a fixed exchange rate regime and cannot 'competitively devalue'). Wolf:
Indeed, Charles Dumas of London-based Lombard Street Research argues that euro membership has encouraged Germany into a costly mercantilist strategy at the expense of its people and the productivity of the economy. He notes that Germany's real personal disposable incomes have risen remarkably little since 1998 (see chart). So, too, has real consumption. Productivity per hour also grew more slowly in Germany than in the UK or US between 1999 and 2011, perhaps because euro membership protected business from a strong currency. The stagnant real wages, fiscal tightening and relatively high real interest rates constrained demand tightly. But now the necessary cure for the ills of the eurozone will impose higher inflation in Germany, which the Germans will detest; prolonged deflationary recessions in important eurozone markets; and ongoing transfers of official resources to its partners.


I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Carrie (migeru at eurotrib dot com) on Tue Oct 9th, 2012 at 04:57:28 AM EST
[ Parent ]
Sad. What a reckoning there might be if German voters were to realise and accept they've been tricked by the people they've elected. (Mostly by people they haven't elected, I guess.)

We need a comic with all the lucky duckies in austerity-ridden countries saying "Gotcha!" in unison.

("Te pillé"? "Te agarré"?)

by Number 6 on Tue Oct 9th, 2012 at 06:01:23 AM EST
[ Parent ]
Do we expect law/tax/etc to be manipulated as much as possible (within EU rules) for national gain?

Yes, see Ireland or Belgium re: corporate tax, and Luxembourg re: capital gains tax.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS

by Carrie (migeru at eurotrib dot com) on Tue Oct 9th, 2012 at 05:02:13 AM EST
[ Parent ]
OK, I didn't make the connection to the Double Irish with Dutch Sandwich
by Number 6 on Tue Oct 9th, 2012 at 05:43:53 AM EST
[ Parent ]
Right, it's corporate tax in the Netherlands and wealth taxes in Belgium.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Carrie (migeru at eurotrib dot com) on Tue Oct 9th, 2012 at 05:52:24 AM EST
[ Parent ]
Seen recently: Jean Quatremer Belgique : un paradis fiscal pour le capital, un enfer fiscal pour le travail (21 septembre 2012)

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Carrie (migeru at eurotrib dot com) on Wed Oct 10th, 2012 at 08:41:58 AM EST
[ Parent ]
"easily found false argument for a German Euro exit", that is.

Gah.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS

by Carrie (migeru at eurotrib dot com) on Tue Oct 9th, 2012 at 04:55:28 AM EST
[ Parent ]
Shorter Sinn: There is a limit to how long you can get other people to pay for defending your exchange rate.

In other news, the sky is not green and the moon is not made of cheese.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Oct 9th, 2012 at 05:23:29 AM EST
[ Parent ]
by Nomad (Bjinse) on Sun Oct 7th, 2012 at 05:17:18 PM EST
BBC News - Eurozone rescue fund launched

The eurozone's new permanent fund to bail out struggling economies and banks has been formally launched at a meeting of finance ministers in Luxembourg.

The European Stability Mechanism (ESM) will have a full lending capacity of 500bn euros (£400bn; $650bn) by 2014.

It will initially run alongside, and then eventually replace, the European Financial Stability Facility (EFSF).

Europe's largest economy, Germany, will make the biggest contribution to the fund, about 27% of its total.

The ESM, which is a new European Union agency, will be chaired by Jean-Claude Juncker, the Prime Minister of Luxembourg and chair of the Eurogroup.

The launch of the ESM "marks an historic milestone in shaping the future of monetary union", Mr Juncker said after the inaugural meeting of the Eurogroup of finance ministers that makes up the fund's board.

Countries will make their first payments towards the fund this week.

by Nomad (Bjinse) on Mon Oct 8th, 2012 at 04:24:46 PM EST
[ Parent ]
Eurozone unlocks €500 billion war chest - EUROZONE - FRANCE 24
The eurozone unlocked its long-awaited 500 billion euro European Stability Mechanism on Monday amid fresh concerns over the economies of Greece and Spain. The fund will be operational by the end of the month, chairman Jean-Claude Juncker said.  

The eurozone unlocked on Monday its 500-billion-euro crisis war chest, the European Stability Mechanism, amid worries over Greece and as Spain agonised over whether to call for a full bailout.

The launch of the 500-billion-euro ($650 billion) ESM -- immediately given an 'AAA' rating by credit giant Fitch -- "marks an historic milestone in shaping the future of monetary union," Luxembourg Prime Minister and fund chairman Jean-Claude Juncker said.

Juncker spoke after the inaugural meeting of the ESM's board, made up of the finance ministers from the 17 countries that share the currency. The ministers then went into talks on Greece and Spain.

The permanent rescue fund, which was initially due to enter service on July 1 but was delayed by a challenge at the German Constitutional Court, is not yet operational however.

In a first stage it will contain 200 billion euros ($260 billion) of working monies once the first instalments of government capital are paid in by end month.

Juncker said the currency union, troubled for the last three years by massive sovereign and banking debts, had now "closed the gap in euro area institutions" with another element in "a comprehensive plan to reshape economic governance."

The ESM monies will build on top of resources left in a temporary fund, the European Financial Stability Facility (EFSF), taking combined lending capacity during the latter's wind-down to a total of 700 billion, the ESM said in Luxembourg.

by Nomad (Bjinse) on Mon Oct 8th, 2012 at 04:25:12 PM EST
[ Parent ]
Spain traveling down the road to success | Europe | DW.DE | 07.10.2012

Though Spain may request a loan from the European bailout fund, the country is taking the steps necessary to turn around its economy, according to Walther von Plettenberg of the German Chambers of Commerce for Spain.

DW: How severe of an effect has the financial crisis had on Spanish-German trade relations?

Walther von Plettenberg: Spain has been suffering though a recession for four years. That had led to German exports to Spain to drop from their highpoint of 43 billion euros ($56 billion) in 2007 to 30 billion euros in 2011. Over the same period, Spanish exports to Germany have risen steadily and reached 21 billion euros last year. From a macro-economic view, this is a positive development since it leads to a balance. For Germany's export industry, it is, of course, a negative development since companies have to find other replacement markets.

Why is it so important for Spain to change its foreign trade balance?

Since the introduction of the euro - and the inexpensive credit that came with it - Spain, like other countries, has not saved enough and instead has relied on credit from other countries. Spain is not alone - countries including the United States and several other European countries, mainly on the periphery, have experienced similarly undesirable developments. That has led to a Spanish current account deficit of 106 billion euros in 2007, which is about 10 percent of the gross domestic product. Such a current account deficit will have shrunk to nothing in 2013, which means that Spain for the first time with have a neutral current account. Imports have, of course, been radically reduced as we see clearly in the case of Germany where they have fallen by 30 percent since 2007.

by Nomad (Bjinse) on Mon Oct 8th, 2012 at 04:27:08 PM EST
[ Parent ]
Spanish prime minister refuses to seek bailout - Europe - World - The Independent

Spain's conservative prime minister, Mariano Rajoy, is not known as a gambling man. But as Europe's debt crisis stretches on, he is playing a tense game of chicken with the financial markets, betting Spain can balance its books with homegrown austerity while putting off - maybe forever - a humiliating bailout from the European Union.

The stakes are high, for Spain and beyond. After Greece, which is undergoing the financial equivalent of open-heart surgery, Spain has become the focus of doubts about the health of over-indebted European economies. Despite repeated rounds of politically difficult budget cutbacks and tax rises, it is struggling to reduce a deficit that stood at 8.9 per cent of gross domestic product for 2011 and to finance at bearable interest rates a debt estimated at $900 billion, 70 perc ent of its GDP.

Should it follow Greece into bankruptcy, Spain, with a $1.3 trillion economy that is the fourth largest in the European Union, would generate distinctly greater shock waves than the failure in Athens, according to European economists. A collapse here, they say, would shake the foundations of the euro, the EU currency adopted by 17 of the union's 27 members, sending ripples across the Atlantic and undercutting economic recovery in the United States.

Against that background, the volume is rising uncomfortably on appeals to Rajoy to turn swiftly to the EU for a rescue package to reassure skeptical markets and prevent a flare-up of interest rates for Spain's repeated trips to the bank. The Spanish leader could face pressure to make up his mind at a meeting Monday of EU finance ministers to inaugurate the European Stability Mechanism.

The mechanism, a mutual backstopping fund potentially reaching $650 billion, was conceived precisely for cases like Spain's. The country's situation is likely to be discussed by the finance ministers, but Rajoy has gone to great pains to discourage speculation he might ask for help.

by Nomad (Bjinse) on Mon Oct 8th, 2012 at 04:27:38 PM EST
[ Parent ]
Depositors Turn Up Heat on Ailing Spanish Banks - WSJ.com

Eugenio Nuñez Cobás stormed into a bank branch in this coastal town one morning in August with three dozen fellow customers yelling "Thieves! Thieves! Thieves!" Then they returned to the street and pelted the facade with eggs, forcing the branch to close for the day.

Mr. Nuñez had been coming to the Novagalicia Banco SA branch for eight months with a placard that reads: "I have all my savings trapped in Novagalicia Banco until the year 2999." The 70-year-old retiree said: "I really should be at home playing with my grandchildren. Instead, I'm here every week, fighting for my savings."

Mr. Nuñez was one of more than 700,000 Spanish depositors who poured money--in some cases their life savings--into high-yielding preferred shares and subordinated bonds issued by their banks. When the economic crisis erupted in Spain, the securities plunged in value, making it effectively impossible to resell them.

Many customers now say they were swindled, that branch bankers assured them that the complex securities were just as safe as deposits. Some banks offered clients the option to swap preferred shares for deposits or common shares, but the European Union, which is lending money to Spain to prop up its banks, nixed any such deals by lenders bailed out by the government, including Novagalicia. That bank has issued a public apology and agreed to arbitrate thousands of claims brought by customers.

Spanish Finance Minister Luis de Guindos described the securities last Wednesday in Parliament as "complex instruments for institutional investors. The problem isn't the product itself. If people understand it, there's no problem. The problem is that the securities were placed among people that didn't understand them."

"Unfortunately, this situation makes us pretty unique--the only place in the civilized world where these preferred shares were sold to depositors," he said. The Spanish government, he added, is working with the European Union "to try to find the best possible solution for these depositors."

by Nomad (Bjinse) on Mon Oct 8th, 2012 at 04:27:55 PM EST
[ Parent ]
I guess it all depends on how you define success ?

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Tue Oct 9th, 2012 at 03:13:15 AM EST
[ Parent ]
[...] Spain, like other countries, has not saved enough and instead has relied on credit from other countries.

Is this true? Stricly? Figuratively?

If it is true, couldn't you equally say that morons have been lending to Spanish banks (not to 'Spain') without considering the risks of default?

by Number 6 on Tue Oct 9th, 2012 at 04:56:16 AM EST
[ Parent ]
Spain runs a chronic current account deficit, which means foreigners accumulate claims over Spanish assets. Germany has been running a current account surplus and accumulating claims over foreign assets, Spanish and otherwise.

Germany's capital flows into Spain are best described as vendor finance rather than foreign direct investment, though.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS

by Carrie (migeru at eurotrib dot com) on Tue Oct 9th, 2012 at 04:59:51 AM EST
[ Parent ]
Well, if those assets turn out be worth less than you've paid, surely that used to be caveat emptor. Or are we applying consumer law to businesses when it suits businesses (and countries)?
by Number 6 on Tue Oct 9th, 2012 at 05:49:13 AM EST
[ Parent ]
Surely Germany's capital flows into Spain are best described as: Germany exporting inflation into Spain.
by Metatone (metatone [a|t] gmail (dot) com) on Tue Oct 9th, 2012 at 06:16:19 AM EST
[ Parent ]
I was trying to be charitable.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Carrie (migeru at eurotrib dot com) on Tue Oct 9th, 2012 at 06:43:46 AM EST
[ Parent ]
Merkel Advisor: We Are Rescuing Spain in Order to Rescue German Banks | Forex Crunch

Jürgen Donges, a member of Germany's 5 strong Council of Economic experts, said clearly that when Germany is rescuing Greece or Spain, it is thinking of rescuing German banks with exposure to in these countries.

His words caused a stir in the twittersphere and in Spanish papers and add to the already tense relations between Berlin and Madrid, as the discussions about a Spanish bailout request heat up.

Nice with confirmation.

Sweden's finest (and perhaps only) collaborative, leftist e-newspaper Synapze.se

by A swedish kind of death on Tue Oct 9th, 2012 at 08:06:43 AM EST
[ Parent ]
EU parliament set to approve new rules to combat market abuse: theparliament.com
Traders found guilty of rigging Libor and other financial market benchmarks would face jail from next year under plans expected to be voted through parliament.

Parliament's economic affairs committee is due to back new rules on Tuesday that would bring manipulation or insider trading involving benchmarks under the EU's market abuse rules.

Confidence in Libor, the benchmark interest rate, was shaken following Barclays admission in June that it submitted false rates.

The revelations provoked renewed calls for tougher oversight of the financial system and pushed regulatory and criminal probes of interbank lending rates to the top of the political agenda.

Last month, EU commissioner Michel Barnier told MEPs that a culture of banks rigging interest-rate benchmarks shows the importance of an agreement on tougher market-abuse rules.

At the time, Barnier said that maintaining the status quo "was not an option".

EU regulators are also investigating possible breaches in cartel rules from both banks and brokers in the setting of Libor.

Speaking ahead of Tuesday's vote, parliament's draftsperson on a report into new market abuse rules said the EU "cannot be seen to be a soft option".
by Nomad (Bjinse) on Mon Oct 8th, 2012 at 04:34:37 PM EST
[ Parent ]
They should be facing jail for fraud NOW

When a new weapon comes along the authorities don't wait until several people have been killed and then create a new law about death by new weapon. They call it murder.

Well, the finance industry should be the same.

But, let's be honest, neoliberalism doesn't work when banksters are subject to the law.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Tue Oct 9th, 2012 at 03:16:46 AM EST
[ Parent ]
Same approach as for terrorism: "Now don't do it again."

Here's Bolling a few years ago.

(I think panels 6 and 7 are my favourite. It's true what they say about a clean conscience.)

by Number 6 on Tue Oct 9th, 2012 at 05:13:09 AM EST
[ Parent ]
German Manufacturing - Business Insider

Germany's August manufacturing orders plunged 1.3 percent in August, which was worse than the 0.5 percent decline expected by economists.

Weakness came from within -- domestic orders plunged 3.0 percent.

Last month, a survey of German business confidence fell to its lowest level since February 2010.  "Taken at face value, this would suggest GDP growth of about zero in Q3," wrote SocGen economist Klaus Baader.

Meanwhile, Germans are beginning to freak out about inflation.

Here's a longer term look at manufacturing from Markit's Chris Williamson:

by Nomad (Bjinse) on Mon Oct 8th, 2012 at 04:37:40 PM EST
[ Parent ]
Is there anything that won't make some people "freak out about inflation"?
The Eurovision song contest? Christmas?
by Number 6 on Tue Oct 9th, 2012 at 05:15:57 AM EST
[ Parent ]
The Eurovision song contest?

Well, I'm pretty freaked by the inflation of European nations in Eurovision.

Belarus? Moldavia? Azerbaijan? Israel?

(When's the vote on the adhesion of Palestine?)

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II

by eurogreen on Tue Oct 9th, 2012 at 11:05:44 AM EST
[ Parent ]
Palestine? Eurovision? Haven't Palestinians suffered enough?
by gk (gk (gk quattro due due sette @gmail.com)) on Tue Oct 9th, 2012 at 11:16:55 AM EST
[ Parent ]
It's not at all clear to me why German leaders thought they could crash the European economy (by denying timely ECB action to the periphery what is now years ago) and get away unscathed.
by Metatone (metatone [a|t] gmail (dot) com) on Tue Oct 9th, 2012 at 06:18:32 AM EST
[ Parent ]
Only has to work long enough to
a) get re-elected this time
b) retire/move to sinecure
by Number 6 on Tue Oct 9th, 2012 at 06:35:22 AM EST
[ Parent ]
At best they though they would collect on their debt without doing lasting damage to the economy. The morons.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Carrie (migeru at eurotrib dot com) on Tue Oct 9th, 2012 at 06:42:32 AM EST
[ Parent ]
Hungary Raises Deficit Targets, Acknowledges Recession - Emerging Europe Real Time - WSJ

Hungary's government is facing the dire economic reality by raising its budget deficit targets for this and next year, analysts and some opposition parties said Friday. The government's earlier-than-expected abolition of the plan to impose  

a transaction levy on the central bank evoke an even wider applause and sent the Hungarian currency, the forint, higher against the euro.

Recognizing that economic growth won't be as high as expected earlier in part due to a slowing euro zone, the Hungarian government cut its expectations for this year, acknowledging a recession, and decreased the expected gross domestic output growth for next year to just 1% from the earlier 1.6%.

The revision of the growth projection--and the decision not to tax the central bank, a financial maneuver pushing part of the deficit to 2014 from 2013--revealed a gap in next year's budget. This had to be sustainably filled to help Hungary escape the Excessive Deficit Procedure, which is imposed on European Union countries that are notoriously not complying with the EU's financial canon, such as the obligation of keeping deficits below 3% of economic output.

"The package is a surprise because it's a no-surprise," Raiffeisen Bank senior economist Zoltan Torok said, noting that the set of additional fiscal measures amounting to more than 1% of Hungary's GDP includes old-school austerity measures and none of the government's "unorthodox" policies administered earlier.

Such unorthodox measures included a government decision to channel Hungarian citizens' mandatory private pension funds to state coffers, or imposing heavy `crisis' taxes on certain sectors, like banks.

by Nomad (Bjinse) on Mon Oct 8th, 2012 at 04:40:40 PM EST
[ Parent ]
Twitter / abelardinelli: IMF has just slashed its UK ...
IMF has just slashed its UK growth forecast again - to minus 0.4 per cent


Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Mon Oct 8th, 2012 at 05:44:52 PM EST
[ Parent ]
Cameron says "the beatings austerity will continue until morale the economy improves..."
by Metatone (metatone [a|t] gmail (dot) com) on Tue Oct 9th, 2012 at 06:19:52 AM EST
[ Parent ]
by Nomad (Bjinse) on Sun Oct 7th, 2012 at 05:17:32 PM EST
Turkish president says worst case unfolding in Syria | Reuters

Turkish President Abdullah Gul said on Monday the "worst-case scenarios" were now playing out in Syria and Turkey would do everything necessary to protect itself, as its army fired back for a sixth day after a shell from Syria flew over the border.

Gul said the violence in Turkey's southern neighbor, where a revolt against President Bashar al-Assad has evolved into a civil war that threatens to draw in regional powers, could not go on indefinitely and Assad's fall was inevitable.

"The worst-case scenarios are taking place right now in Syria ... Our government is in constant consultation with the Turkish military. Whatever is needed is being done immediately as you see, and it will continue to be done," Gul said.

"There will be a change, a transition sooner or later ... It is a must for the international community to take effective action before Syria turns into a bigger wreck and further blood is shed, that is our main wish," he told reporters in Ankara.

Turkey's armed forces have bolstered their presence along the 900-km (560-mile) border with Syria in recent days and have been responding in kind to gunfire and shelling spilling across from the south, where Assad's forces have been battling rebels who control swathes of territory.

Turkey's Chief of Staff, General Necdet Ozel, travelled to the southern city of Adana to inspect the region patrolled by Turkey's 2nd Army, which protects the border with Syria, the military said on its website.

U.N. Secretary-General Ban Ki-moon said the escalation of the conflict along the Turkey-Syria border, as well as the impact of the crisis on Lebanon, were "extremely dangerous".

"The situation in Syria has dramatically worsened. It is posing serious risks to the stability of Syria's neighbors and the entire region," he told a conference in Strasbourg, France.

Ban said U.N. and Arab League envoy Lakhdar Brahimi would be heading back to the region this week.

by Nomad (Bjinse) on Mon Oct 8th, 2012 at 06:06:20 PM EST
[ Parent ]
Turkey, Syria Trade Fire for 6th Day - WSJ.com

The Turkish military retaliated with artillery fire for a sixth straight day Monday after a Syrian shell hit its territory, and Turkey's president warned that "the worst-case scenario we have all been dreading" is unfolding in Syria and along its borders.

Turkish President Abdullah Gul called on the international community to do more to try to end Syria's nearly 19-month conflict, which has claimed more than 30,000 lives, according to some estimates, and is raising fears of a regional flareup.

U.N. chief Ban Ki-moon on Monday warned that the escalating conflict on the Syrian-Turkish border is "extremely dangerous."

The main Syrian opposition group, meanwhile, signaled it is softening its position on possible talks to arrange a political transition.

In the past, the Syrian National Council has said that President Bashar al-Assad and his inner circle must step down before such talks can begin. However, the SNC chief said Monday that talks would be possible with members of the regime who don't have blood on their hands.

In the latest cross-border incident, a Syrian artillery shell fell on Turkey's border province of Hatay on Monday, the provincial governor's office said. The state-run Anadolu news agency said the round landed in a cotton field near the town of Altinozu. People were working in the field but no one was injured, Anadolu said.

Turkey retaliated Monday, as it did on five previous days, the governor's office said. Last week, after deadly cross-border shelling, Ankara warned President Assad that it will respond to each shell or mortar round that hits Turkish soil.

Turkey also sent more artillery to hotspots along the troubled border Monday, Turkish media reported.

by Nomad (Bjinse) on Mon Oct 8th, 2012 at 06:07:01 PM EST
[ Parent ]
Plucky little Turkey standing up to evil Syria? It's not as simple as that - Robert Fisk - Commentators - The Independent

Now it is plucky little Turkey, hosting the opposition to the Syrian regime, funnelling weapons and armed men across the border into Syria - encouraging the overthrow of Bashar al-Assad - which is the victim. The IRA's' "terrorism" against the occupying Brits has been transmogrified into the valiant Syrian resistance against a vile Alawite-led regime whose Baathist acolytes must be crushed in order to bring democracy to Damascus, etc, etc.

Now the usual caveat - which will be forgotten by those who wish to accuse the writer of being a member of the Syrian intelligence service: Bashar al-Assad is a despot, his regime is awful, its policemen torture on a scale that would stun the RUC thugs who beat up their Catholic prisoners in Castlereagh, and Syrian militias fill mass graves; there were no mass graves in Northern Ireland.

BUT. When it comes to international law, to moral compromise, to sheer hypocrisy, the Western powers take the biscuit. La Clinton raves on about Syrian depravity when Syrian shells slaughter a Turkish woman and her four children - which they did - but gives succour to the gunmen who torture and kill and suicide-bomb the regime's supporters inside Syria. Clinton's predecessors at the State Department took a quite different view about Northern Ireland. William Hague rabbits on about our "non-lethal" aid to Syrian rebels; but didn't the Irish authorities give "non-lethal aid" (bandages, funds, intelligence information) to our political and military enemies in Northern Ireland?

Typically, Al-Jazeera - to which I sometimes contribute my two-pence worth of thought - was the first channel to cover the response of local Turks to the killing of the family in Akçakale: they blamed their own Turkish government for using the village as a jumping off point for rebels entering Syria - and thus turning their town into a target.

by Nomad (Bjinse) on Mon Oct 8th, 2012 at 06:14:45 PM EST
[ Parent ]
That article was all over the place. His inclusion of the IRA just made it worse. I honestly didn't know what he was trying to say.

I still go with the angry arab. All sides are lying, all sides commit atrocities, all sides are supported by surprising people they don't want you to know about, all sides have agenda they don't want you to know about.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Tue Oct 9th, 2012 at 03:19:59 AM EST
[ Parent ]
Escalation and Madness.

"Beware of the man who does not talk, and the dog that does not bark." Cheyenne
by maracatu on Mon Oct 8th, 2012 at 07:28:46 PM EST
[ Parent ]
A lot of questions and innuendo about motives.

Personally, I think that France, UK and USA should be quietly but definitely letting all sides, especially Turkey, know they're not gonna get involved. Whatever happens.

Far. Too. Messy.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Tue Oct 9th, 2012 at 03:25:03 AM EST
[ Parent ]
And no Oil.
(I agree with your other points.)
by Number 6 on Tue Oct 9th, 2012 at 05:19:16 AM EST
[ Parent ]
Unless it spills over into sacred Israel. Then what?

They tried to assimilate me. They failed.
by THE Twank (yatta blah blah @ blah.com) on Tue Oct 9th, 2012 at 08:43:41 AM EST
[ Parent ]
BBC News - 'Saudi weapons' seen at Syria rebel base

BBC News has uncovered evidence that weapons intended for the Saudi military have been diverted to Syrian rebels.

Three crates from an arms manufacturer - addressed to Saudi Arabia - have been seen in a base being used by rebel fighters in the city of Aleppo.

How the small crates reached Aleppo is unknown, and the BBC was not allowed to film their contents. Saudi Arabia has refused to comment on the matter.

Meanwhile, a big blast has been heard in a suburb of the capital, Damascus.

The Syrian Observatory for Human Rights, a UK-based activist group, said the attack was targeting a branch of the air force intelligence agency in Harasta.

There are no reports of casualties so far. Fighting is reported to be continuing in the area.

by Nomad (Bjinse) on Mon Oct 8th, 2012 at 06:08:12 PM EST
[ Parent ]
Syria crisis: Homs on the brink - Monday 8 October 2012 | World news | guardian.co.uk
Homs attack

Rebels are in danger of losing control of Homs, according to the opposition Syrian National Council, as video emerged claiming to show the moment when a barrel full of explosives landed on the Khalidieh neighbourhood of the city.

The SNC said the Syrian government had dispatched reinforcements to the city. DPA quoted an opposition statement as saying:

The criminal regime has dispatched extra troops to tighten the inhuman siege of the city. Homs' fall will mark a serious turning point in the course of events, subjecting the present and future of Syria as well as the region to great perils.

Video from activists purports to show a huge explosion in Khalidieh district:

by Nomad (Bjinse) on Mon Oct 8th, 2012 at 06:08:32 PM EST
[ Parent ]
Amnesty accuses Rwanda of unlawful detention, torture | News | Africa | Mail & Guardian
Amnesty International has called on Rwanda to end the "unlawful detention of civilians" and probe torture allegations, claims dismissed by Kigali.

 The London-based rights watchdog said it had gathered evidence of "unlawful detention, torture and other forms of ill-treatment and enforced disappearances, mostly of civilians, at the hands of Rwanda's military intelligence".

Amnesty, in a report titled Rwanda: Shrouded in Secrecy, called on Kigali to reveal the "fate or whereabouts of all those subjected to enforced disappearance" and to investigate allegations of torture.

It alleged security services arrested suspects and held them in secret without informing their families, and had subjected them to beatings, electric shocks and made them make forced confessions.

Rwanda's justice ministry condemned the report, saying there is "ample provision for judicial review" and that any alleged reports of torture were treated seriously.

"As far as the specific allegations contained in this report are concerned, it was explained to Amnesty in June that the courts had indeed determined that some illegal detentions had taken place," a statement said.

by Nomad (Bjinse) on Mon Oct 8th, 2012 at 06:09:25 PM EST
[ Parent ]
.:Middle East Online::Libyan assembly relieves Abu Shagur of his duties:.

Libyan premier Mustafa Abu Shagur was dismissed on Sunday after the General National Congress rejected his proposed "crisis" cabinet of just 10 ministers, days after his first line-up was also turned down.

The embattled Abu Shagur, who had been given 72 hours to come up with a new cabinet, was relieved of his duties after his last chance to form a government, and the GNC will have to elect a new premier within the next three to four weeks.

Before he had even put forward his second cabinet list in just four days, a motion of no confidence in Abu Shagur was signed by 126 assembly members.

That was rejected by the GNC president.

But when his pared-down list was put to the vote, 125 members of the 186 members present in the 200-seat GNC did not express "confidence" in his choices, against 44 members for and 17 abstentions, according to a live state television broadcast.

Under GNC rules, the assembly will now have to elect a new premier.

by Nomad (Bjinse) on Mon Oct 8th, 2012 at 06:16:50 PM EST
[ Parent ]
Jacob Zuma faces investigation over plans to renovate home | World news | The Guardian

Jacob Zuma, the president of South Africa, is facing an official investigation and public outcry over plans to upgrade his private residence and build a nearby town, dubbed "Zumaville", at a cost of millions to taxpayers.

Anger was surging on Monday over the 238m rand (£16.62m) renovations of Zuma's rural home in Nkandla, KwaZulu-Natal province, after it was revealed that Nelson Mandela and other former presidents' homes had received substantially less from the state. This followed controversy over proposals for a 2bn rand town, the first to be built since the end of apartheid, two miles (3.2km) from the Zuma homestead.

"Nkandlagate" could not come at a worse time with violent strikes threatening to spread from mining to other industries and focusing attention on the gap between haves and have-nots. Zuma, 70, faces a tense re-election battle within the governing African National Congress in December.

Earlier this year, Zuma said: "I have paid visits to a number of areas where you can't believe that you are in South Africa. Why should I see that, as the president of the country, not even of the ANC, and think that I could sleep peacefully when I know there are people who live in things you can't even describe as a house?"

Those words are being thrown back at him, with some observers comparing his hometown patronage to some of Africa's least democratic leaders. "He's behaving like a monarch rather than the president of the republic," said Aubrey Matshiqi, a research fellow at the Helen Suzman Foundation. "It makes me think of the king of Swaziland or Jean-Bédel Bokassa [self-crowned emperor of the Central African Republic]."

by Nomad (Bjinse) on Mon Oct 8th, 2012 at 06:17:20 PM EST
[ Parent ]
Venezuela's Chavez revels in convincing election win | Reuters

Venezuelan President Hugo Chavez pledged to deepen his socialist revolution after a comfortable election victory that could extend his divisive leadership of the OPEC nation to two decades.

The new six-year term clears the way for Chavez, who is recovering from cancer, to consolidate state control over Venezuela's economy, possibly with more nationalizations, and continue his support for left-wing allies in Latin America and around the world.

The victory also cements his status as a dominant figure in modern Latin American history and an icon of the political left. But the slimmer margin of victory - 10 percentage points, down from 25 points in 2006 - reflected growing frustration among Venezuelans at day-to-day problems such as rampant crime and blackouts, which Chavez will be under pressure to tackle.

Tens of thousands of ecstatic supporters celebrated in the streets around the presidential palace overnight, pumping fists in the air after the former soldier was re-elected with 1.5 million more votes than younger rival Henrique Capriles.

"Venezuela will continue along the path of democratic and Bolivarian socialism of the 21st century," Chavez, 58, thundered from the palace balcony, holding up a replica of the sword of independence hero Simon Bolivar.

It was an extraordinary victory for a leader who just a few months ago feared for his life as he struggled to recover from cancer. Turnout was a record 80 percent of registered voters, boosting Chavez's democratic credentials despite critics' depiction of him as an autocrat who tramples on private enterprise and silences political foes.

by Nomad (Bjinse) on Mon Oct 8th, 2012 at 06:18:42 PM EST
[ Parent ]
Oh, no, not another six years of Chávez bringing America to its knees!

"Beware of the man who does not talk, and the dog that does not bark." Cheyenne
by maracatu on Mon Oct 8th, 2012 at 07:30:46 PM EST
[ Parent ]
Liberian Nobel laureate quits over government corruption | Reuters

Nobel prize-winning rights advocate Leymah Gbowee has quit her post in Liberian President Ellen Johnson-Sirleaf's government, criticizing her fellow laureate for corruption and nepotism, her spokesman said on Monday.

Gbowee and Johnson-Sirleaf, Africa's first freely elected female head of state when she came to power in 2005, were named joint winners of the Nobel Peace Prize in 2011 for their work promoting peace in Liberia.

Gbowee, who helped Johnson-Sirleaf get reelected to a second term last year, is credited with helping to end Liberia's civil war by organizing 'sex strikes' among the wives of fighters.

She had been serving as head of Liberia's Peace and Reconciliation Commission.

Omecee Johnson said that Gbowee resigned over concerns Johnson-Sirleaf had failed to root out corruption and nepotism in her government, but he declined to elaborate.

"Leymah Gbowee has resigned her post as head of the Peace and Reconciliation Commission, and the government of Liberia has accepted her resignation," Johnson told Reuters by telephone.

Liberia's government confirmed Gbowee's resignation and said it disagreed with her criticisms. Johnson-Sirleaf has three sons in top government posts but she has denied charges of nepotism and has said ending graft is a top priority.

Liberia is one of the world's poorest and least developed countries and is seeking to fund its recovery by drawing investment in its rich natural resources, which include vast iron ore deposits and offshore oil.

by Nomad (Bjinse) on Mon Oct 8th, 2012 at 06:21:28 PM EST
[ Parent ]
Recent crazy Republican reports from various American newspapers...

Clergy in the fray of Akin race, seeing it as start of a `battle for the soul' of GOP
http://www.washingtonpost.com/politics/decision2012/in-missouri-clergy-in-the-fray-of-akin-race-seei ng-it-as-start-of-a-battle-for-the-soul-of-gop/2012/10/08/500ab2c4-0eff-11e2-bd1a-b868e65d57eb_story .html

Paul Broun (R-GA): Evolution, Big Bang `Lies Straight From The Pit Of Hell'
http://2012.talkingpointsmemo.com/2012/10/rep-paul-broun-r-ga-evolution-big-bang-lies-straight-from- the-pit-of-hell.php

Arkansas Rep. Calls Slavery "a Blessing"
http://wreg.com/2012/10/08/arkansas-rep-calls-slavery-a-blessing/

Republican encourages death penalty for 'rebellious children'
http://www.arktimes.com/ArkansasBlog/archives/2012/10/08/republican-candidate-fuqua-endorses-death-p enalty-for-rebellious-children

More Evidence Ann Romney Not Wearing Mormon Garments
http://thenevadaview.com/3845/more-evidence-ann-romney-not-wearing-mormon-garments-photo/

One of Mitt Romney's top advisers acknowledged that, as a result Romney's plan to repeal Obamacare, people with pre-existing medical conditions would likely be unable to purchase insurance.
http://tpmdc.talkingpointsmemo.com/2012/10/top-romney-adviser-states-will-have-to-cover-people-with- pre-existing-conditions-under-president-rom.php

Will Republican Party repudiate cranks? Not likely. They ARE the GOP
http://www.arktimes.com/ArkansasBlog/archives/2012/10/06/will-republican-party-repudiate-cranks-not- likely-they-are-the-gop

by asdf on Mon Oct 8th, 2012 at 11:30:05 PM EST
[ Parent ]
Apart from the confederate states, the US is trending towards being a one party state, cos these nutjobs will rapidly make the GOP untenable elsewhere.

Even the media are beginning to notice.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Tue Oct 9th, 2012 at 03:30:08 AM EST
[ Parent ]
Yes, so it's imperative that they take over the WH now, pull off another 911, declare a national emergency for the foreseeable future (thus ends all elections), and poof, DONE!

Let's watch. Pop some corn. Great movie.

They tried to assimilate me. They failed.

by THE Twank (yatta blah blah @ blah.com) on Tue Oct 9th, 2012 at 08:53:48 AM EST
[ Parent ]
Iran slowed progress on nuclear weapons program by eight months | Ha'aretz
Iran has diverted much of its enriched uranium to scientific research, an aspect in the International Atomic Energy Agency's lastest report that Israeli policy makers are giving greater emphasis to.

The new emphasis ostensibly justifies a delay in Israel's timetable for possible military action against Iran's nuclear program. Although the data were included in the IAEA's August report, defense sources say additional information has been received that clarifies the report's conclusions.

The report, which the Israeli intelligence community considers highly reliable, states that on a number of occasions in the recent past, Iran has allocated uranium enriched to 20 percent for another purpose: the manufacture of fuel rods for a research reactor in Tehran, where isotopes can be manufactured for cancer treatment.

by gk (gk (gk quattro due due sette @gmail.com)) on Tue Oct 9th, 2012 at 11:27:32 AM EST
[ Parent ]
by Nomad (Bjinse) on Sun Oct 7th, 2012 at 05:17:48 PM EST
Europe fears new epidemics, cost of vaccines | EurActiv

Measles and rubella are "raging" throughout Europe and public fears fuelled by internet-driven campaigns and lack of funding are worsening the situation, delegates at the Gastein Health Forum were told.

"At the moment, for example, measles and rubella are once again raging in Europe," Austrian MEP Karin Kadenbach told a workshop on vaccination at the policymakers forum on Friday (5 October).

"The World Health Organization has as a result had to put back its goal of conquering these diseases by 2010 to 2015," Kadenbach said. "The reason for this is a falling vaccination rate, leading to an increase in infections."

Measles viruses could be prevented from circulating if 95% of the population were inoculated, she said. But vaccination rates fall far short in the 53 countries of the WHO European region to stamp out this extremely contagious disease. Recent studies show that between 2010 and 2011 the number of measles cases in the EU has risen by a factor of four.

by Nomad (Bjinse) on Mon Oct 8th, 2012 at 06:59:36 PM EST
[ Parent ]
I'm sure denying funding to the public health provision in the periphery will help the situation.
by Metatone (metatone [a|t] gmail (dot) com) on Tue Oct 9th, 2012 at 06:23:33 AM EST
[ Parent ]
Kills off the weak: in the long run we'll have the strongest rabble in the world.
by Number 6 on Tue Oct 9th, 2012 at 06:37:03 AM EST
[ Parent ]
BBC News - Climate change: EU rebrands green energy campaign

The EU has launched a campaign aimed at showing how low-carbon solutions can improve quality of life.

The European Commission believes that policies to cut greenhouse gases will only work if individuals share the vision of a low-carbon society.

"It's perhaps been a bit too much doom and gloom in the past on climate," one official told the BBC at the launch in London. "We are now emphasising the need to inspire people."

The EU-wide campaign runs until 2014.

The campaign title "Worldulike" will doubtless raise eyebrows. The name is uncomfortably reminiscent of the British baked potato restaurant chain Spudulike.

The vision is being transmitted through the Commission's website world-you-like and also Facebook and Twitter.

These will create space for positive examples of tackling climate change throughout Europe, including schemes to use excess body heat from one building to warm another (Sweden); allow neighbours to use your car (UK); and generate energy from landfill (Latvia).

by Nomad (Bjinse) on Mon Oct 8th, 2012 at 07:00:07 PM EST
[ Parent ]
Wind farms on the bog of Ireland could provide UK electricity | Environment | The Guardian

Hundreds of wind farms could be built on the great bog of Ireland to generate electricity exclusively for the UK's national grid under plans being considered by ministers.

Element Power, the company behind the £5 billion proposals, hopes to build more than 700 turbines and transport power through two dedicated undersea cables across the Irish sea.

Company executives met Ed Davey, the cabinet minister in charge of climate change, and civil servants to discuss the plans this summer.

The plans have been discussed among the coalition and appear in theory to appease both political parties. Liberal Democrats wish for an increase in green energy but have concerns over the high price of building wind farms offshore. Conservative ministers are worried about the backlash in some rural communities as wind turbines have become more common in Britain.

To proceed, the Irish project would need access to the subsidies currently given to UK wind power, but the difficulty for ministers in setting a precedent - which could mean any foreign energy projects can get UK subsidies - means the project face major challenges.

Mike O'Neill, the president of Element Power, said the project would solve a number of thorny problems for the British government. "Our experience is that it is easier to get planning permission in the Republic of Ireland, if you do it in a sensible and sensitive way," he said.

by Nomad (Bjinse) on Mon Oct 8th, 2012 at 07:00:34 PM EST
[ Parent ]
It is ironic that some onshore windfarms in the UK have failed to get permission cos they were to be built on pet bogs.

But the whole W cost of Ireland should be covered in windfarms and the Irish should be earning  fortune from selling the electricity

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Tue Oct 9th, 2012 at 03:32:37 AM EST
[ Parent ]
mumble mumble neo-colonialism mumble.

But yeah, it beats raising children for English tables.

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II

by eurogreen on Tue Oct 9th, 2012 at 11:07:26 AM EST
[ Parent ]
One quarter of the relative population per square km --> Fewer people to complain that they can see the turbines.
by Number 6 on Tue Oct 9th, 2012 at 05:30:19 AM EST
[ Parent ]
BBC News - Scientists blame warmer Atlantic for wet summers

Recent warming in the Atlantic Ocean is the main cause of wet summers in northern Europe, according to a new study.

A cyclical pattern of rising and falling ocean temperatures is seen as a major influence on our weather.

Scientists say the current pattern will last as long as the Atlantic warming persists.

The research was carried out at the University of Reading and is published in the journal Nature Geoscience.

The study investigated a phenomenon known as the Atlantic Multidecadal Oscillation - a cycle of change in which the waters either warm or cool over a period of several decades.

The researchers compared three periods in this cycle: a warm state from 1931-60, a cool period from 1961-90 and the most recent warm period starting in 1990 and continuing now.

The paper notes that conditions in the last warm period in the Atlantic are broadly similar to those observed now.

...

The study was led by Professor Rowan Sutton, director of climate research at the National Centre for Atmospheric Science at the University of Reading.

"We know that we a higher sea surface temperature in the ocean warms the air above which affects the weather systems and their path, shifting the Jetstream, but we don't yet know the full details of how this works.

"We also don't know the length of these periods of warmer or cooler conditions in the Atlantic Ocean - in the past they have varied a lot, from 20-50 years."

...

Professor Sutton said that "clearly there is a link between Atlantic warming and Arctic sea ice though the details are not well understood."

"This does not mean that Arctic sea ice is not contributing to the effect on Europe's weather but it's an open question as to how much.

"The warming of the Atlantic Ocean may be amplified by the reductions in Arctic sea ice - these things are not independent."

Abstract here.

by Nomad (Bjinse) on Mon Oct 8th, 2012 at 07:04:50 PM EST
[ Parent ]
Roger Pielke Jr.'s Blog

Normalized Tornado Damage in the United States: 1950-2011

Abstract

In 2011, thunderstorms in the United States resulted in 550 deaths from tornadoes and more than $28 billion in property damage, according to data from the US National Oceanic and Atmospheric Administration, with the vast majority of economic losses resulting from tornadoes. This paper normalizes U.S. tornado damage from 1950 to 2011 using several methods. A normalization provides an estimate of the damage that would occur if past events occurred under a common base year's societal conditions. We normalize for changes in inflation and wealth at the national level and changes in population, income and housing units at the county level. Under several methods, there has been a sharp decline in tornado damage. This decline corresponds with a decline in the reported frequency of the most intense (and thus most damaging) tornadoes since 1950. However, quantification of trends in tornado incidence is made difficult due to discontinuities in the reporting of events over time. The normalized damage results are suggestive that some part of this decline may reflect actual changes in tornado incidence, beyond changes in reporting practices. In historical context 2011 stand out as one of the most damaging years of the past 61 and provide an indication that maximum damage levels have potential to increase should societal change lead to increasing exposure of wealth and property.

by Nomad (Bjinse) on Mon Oct 8th, 2012 at 07:08:36 PM EST
[ Parent ]
Recycling fraud is draining California cash - latimes.com

Just over 8.5 billion recyclable cans were sold in California last year. The number redeemed for a nickel under California's recycling law: 8.3 billion.

That's a return rate of nearly 100%.

That kind of success isn't just impressive, it's unbelievable. But the recycling rate for certain plastic containers was even higher: 104%.

California's generous recycling redemption program has led to rampant fraud. Crafty entrepreneurs are driving semi-trailers full of cans from Nevada or Arizona, which don't have deposit laws, across the border and transforming their cargo into truckfuls of nickels. In addition, recyclers inside the state are claiming redemptions for the same containers several times over, or for containers that never existed.

The illicit trade is draining the state's $1.1-billion recycling fund. Government officials recently estimated the fraud at $40 million a year, and an industry expert said it could exceed $200 million. It's one reason the strapped fund paid out $100 million more in expenses last year than it took in from deposits and other sources.

"The law says California has to make it easy to recycle ... so anyone with a devious mind, it's so easy, they can just go right in," said Los Angeles County Sheriff's Deputy Dave Chapman, who has investigated fraud rings in recent months.

Under the state's 25-year-old recycling law, California charges consumers a deposit on most beverage containers sold within its borders. Anyone who brings empty containers back to one of about 2,300 privately run recycling centers can collect 5 cents for most cans and bottles and 10 cents for larger containers.

by Nomad (Bjinse) on Mon Oct 8th, 2012 at 07:09:25 PM EST
[ Parent ]
In Sweden you don't get a deposit for cans that have not been sold under Swedish laws charging deposit (information contained in the bar code). Machine sometimes accept them though, just noting that there is no deposit on this can.

Sweden's finest (and perhaps only) collaborative, leftist e-newspaper Synapze.se
by A swedish kind of death on Tue Oct 9th, 2012 at 08:13:00 AM EST
[ Parent ]
by Nomad (Bjinse) on Sun Oct 7th, 2012 at 05:18:02 PM EST
Chinese telecom firms Huawei and ZTE pose security threat, congressional investigators say - The Washington Post

Congressional investigators plan to turn over to the FBI evidence of potential cyber-espionage involving Chinese telecommunications giant Huawei Technologies, the chairman of the House Permanent Select Committee on Intelligence said Monday.

Rep. Mike Rogers (R-Mich.) said committee investigators received "numerous allegations" from U.S. companies that equipment bought from Huawei sent unauthorized data to computers in China.

"That's a serious problem," Rogers said at a news conference to release the results of an 11-month investigation into Huawei and another Chinese tech giant, ZTE. "It could be a router that turns on in the middle of the night, starts sending back large data packs, and it happens to be sent back to China."

Rogers declined to identify companies that had complained about suspicious data transfers. But he and Rep. C.A. Dutch Ruppersberger (Md.), the committee's ranking Democrat, recommended that the U.S. government and American firms avoid using equipment from the Chinese firms for tasks that involve large amounts of sensitive data. The two lawmakers said the firms' close ties to the Chinese government pose a threat to national security.

William Plummer, Huawei's vice president for external affairs, denied the accusations and denounced the report as "quite strong on rhetoric" and "utterly lacking in substance."

by Nomad (Bjinse) on Mon Oct 8th, 2012 at 06:31:56 PM EST
[ Parent ]
Surely those 'allegations' are really easy to test with some extra hardware that monitors the hardware you don't trust?

Alternatively, insist on open source firmware. But then you have to pay your own tech people. Tricky.

by Number 6 on Tue Oct 9th, 2012 at 06:40:19 AM EST
[ Parent ]
See the "R" after his name? That means that, as a matter of policy, nothing he says need have anything to do with reality.

I surprised he's picking on the Chinese and not the underground Tibetan monks and their Lizard Overlords.

by Colman (colman at eurotrib.com) on Tue Oct 9th, 2012 at 07:07:10 AM EST
[ Parent ]
Thanks, missed that.
by Number 6 on Tue Oct 9th, 2012 at 07:12:42 AM EST
[ Parent ]
BBC Sport - ICC launches inquiry into new match-fixing allegations

The International Cricket Council has launched an "urgent investigation" into match-fixing allegations.

India TV has alleged six umpires were willing to fix World Twenty20 games ahead of the tournament in a programme broadcast on Monday.

Cricket's governing body has called on the broadcaster to hand over evidence that could help its investigation.

It said: "None of the umpires named were involved in any of the official games of the ICC World Twenty20."

India TV has alleged the umpires - whom it says are from Sri Lanka, Pakistan and Bangladesh - were willing to fix matches for money during the tournament, which was won by West Indies on Sunday.

However, a seventh umpire approached during the sting operation earlier in the summer declined to get involved, the station claimed.

In a statement responding to the programme's claims the ICC said: "The ICC and its relevant members have been made aware of the allegations made by India TV this evening and calls on the station to turn over any information which can assist the ICC's urgent investigations into this matter.

by Nomad (Bjinse) on Mon Oct 8th, 2012 at 06:32:21 PM EST
[ Parent ]
Still finding cricket to be such a goofy game it's hard to take 'fixing' seriously.

(Gambling and money of course I can understand.)

by Number 6 on Tue Oct 9th, 2012 at 05:38:15 AM EST
[ Parent ]
actually, given the technological assistance the umpires have in cricket these days, and the right of players to appeal decisions, I find it rather implausible that an umpire could "deliver" a match, and get away with it. For players, it's much easier.

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
by eurogreen on Tue Oct 9th, 2012 at 11:14:59 AM EST
[ Parent ]
I don't think they had the right to appeal decisions during the T20 cup.

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi
by Cyrille (cyrillev domain yahoo.fr) on Tue Oct 9th, 2012 at 11:36:25 AM EST
[ Parent ]
Social Security Death Record Limits Hinder Researchers - NYTimes.com
A shift last year by the Social Security Administration to limit access to its death records amid concerns about identity theft is beginning to hamper a broad swath of research, including federal government assessments of hospital safety and financial industry efforts to spot consumer fraud.

For example, a research group that produces reports on organ-transplant survival rates is facing delays because of the extra work it must do to determine whether patients are still alive. The federal agency that runs Medicare uses the data to determine whether some transplant programs have such poor track records that they should be cut off from government financing.

"We are not going to be on time until this problem is corrected," said Dr. Bertram L. Kasiske, a Minneapolis nephrologist who directs the research group, the Scientific Registry of Transplant Recipients. "It's a big deal. A lot of people look for these reports and depend on them."

Other medical researchers, including those conducting long-term federally financed studies of cancer and cardiovascular treatments, said the changes imposed last November were now slowing their work significantly. And a spokesman for financial industries like life insurance, banking and credit services said the arcane change was making it more difficult to detect identity thieves who steal names and Social Security numbers from the deceased.

by Nomad (Bjinse) on Mon Oct 8th, 2012 at 06:37:17 PM EST
[ Parent ]
Knives out as French villagers march on Paris in battle with big business | World news | The Guardian

The French village of Laguiole in the Midi-Pyrénées is famous for cheese, and for the manufacture of France's most famous knives of the same name. In the past, this has always been a matter of pride for the village's 1,200 residents. Now, they are engaged in a bitter chicken-and-egg-style legal battle over who owns the rights to the name.

The row over the Laguiole has pitted local identity against international business, tradition against trademark, and seen the Laguiolais, as they are known, tear down their village sign and march to Paris. "Our name no longer belongs to us, so what do you want us to do with this sign?" the mayor, Vincent Alazard, asked a crowd of cheering protesters.

Villagers are furious after losing a court battle to reclaim the rights to the Laguiole name from a company based in the Paris region which has registered it as a trademark. They have accused the firm of stealing their heritage and, worse, applying the village name to cheap products from China.

Inflamed by passions invoked by the idea of terroir - a profound Gallic notion of the land with its geography, geology and qualities - they want France's socialist government to introduce rules for regional products similar to the Appellation Controlée regulations that apply to French wines.

by Nomad (Bjinse) on Mon Oct 8th, 2012 at 06:37:54 PM EST
[ Parent ]
Skydiver Felix Baumgartner set to attempt highest and fastest free fall | Sport | guardian.co.uk

The Austrian skydiver and extreme athlete Felix Baumgartner hopes to take the leap of his life on Tuesday, when he attempts the highest, fastest free fall in history. If he survives, "Fearless Felix" could be the first skydiver to break the sound barrier. If he doesn't, a tragic fall could be live-streamed on the Internet for the world to see.

The 43-year-old former military parachutist is scheduled to jump from a balloon-hoisted capsule 23 miles (37 kilometers) above Roswell. He wants to break a record that was set in 1960 by Joe Kittinger, who jumped from an open gondola at an altitude of 19.5 miles (31km). Kittinger's speed of 614mph was just shy of breaking the sound barrier.

Baumgartner, who has been preparing for the jump for five years, has made two practice jumps in the Roswell area, from 15 miles (24km) in March and 18 miles (28.97km) in July.

While he and his team of experts recognize the worst-case scenarios - including "boiling" blood and exploding lungs - they have confidence in their solutions. NASA is watching closely, as the space agency is interested in the potential for escape systems on future rocket ships.

Baumgartner's top medical advisor is Dr Jonathan Clark, a former NASA flight surgeon whose wife, Laurel Clark, died in the space-shuttle Columbia accident in 2003. Clark is dedicated to improving astronauts' chances of survival in a high-altitude disaster.

by Nomad (Bjinse) on Mon Oct 8th, 2012 at 06:38:34 PM EST
[ Parent ]
by Nomad (Bjinse) on Sun Oct 7th, 2012 at 05:18:19 PM EST
Millions Of Pints Later, Oktoberfest Closes

Munich's famed celebration of beer, the Oktoberfest, is drawing to a close after some 6.4 million visitors downed an estimated 6.9 million liter mugs of Bavarian brew - some 14.6 million pints.

Organizers said they were satisfied with this year's event, which opened Sept. 22 and ends Sunday - although visitor numbers were lower than last year.


by Nomad (Bjinse) on Mon Oct 8th, 2012 at 06:49:17 PM EST
[ Parent ]
And I'm sure that the good people of Munich will breath a sigh of relief

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Tue Oct 9th, 2012 at 03:37:56 AM EST
[ Parent ]
Just the way we like 'em ... drunk and cute.

They tried to assimilate me. They failed.
by THE Twank (yatta blah blah @ blah.com) on Tue Oct 9th, 2012 at 08:56:32 AM EST
[ Parent ]
Who, the ones in the middle pic?

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Carrie (migeru at eurotrib dot com) on Tue Oct 9th, 2012 at 08:59:26 AM EST
[ Parent ]
[THE Twank's Macho Moment of the Day™ Technology]

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Carrie (migeru at eurotrib dot com) on Tue Oct 9th, 2012 at 08:59:46 AM EST
[ Parent ]
How do you do those? Choose the phrase and the color?

They tried to assimilate me. They failed.
by THE Twank (yatta blah blah @ blah.com) on Tue Oct 9th, 2012 at 10:15:11 AM EST
[ Parent ]
There was a period when we had fun creating Technology™ macros. This one is

((*macho name)) for [name's Macho Moment of the Day™ Technology]

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS

by Carrie (migeru at eurotrib dot com) on Wed Oct 10th, 2012 at 04:16:28 AM EST
[ Parent ]
The women at my bank in Munich looked like this when I visited last week. (The men were dressed normally).
by gk (gk (gk quattro due due sette @gmail.com)) on Tue Oct 9th, 2012 at 11:17:56 AM EST
[ Parent ]
Judging by what I saw in Berchtesgaden, there are a lot of women who choose to wear that sort of thing. So, wearing it instead of office clothes as a "fun" thing may not seem abnormal to them, however it seems to us

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Tue Oct 9th, 2012 at 11:43:07 AM EST
[ Parent ]
Folkdräkt is up here considered equivalent with White tie attire. So they are dressing fancy at that bank :)

Sweden's finest (and perhaps only) collaborative, leftist e-newspaper Synapze.se
by A swedish kind of death on Tue Oct 9th, 2012 at 12:42:25 PM EST
[ Parent ]
Joran Van Der Sloot, Stephany Flores Killer, Impregnates Woman While In Prison

A newspaper said Monday that Joran van der Sloot, a Dutch man who is serving a 28-year-sentence for murdering a young Peruvian woman, has impregnated a woman while imprisoned in Lima.

The Dutch newspaper De Telegraaf cited Van der Sloot's lawyer Maximo Altez as saying the pregnancy is past its third month, and Van der Sloot himself as having confirmed the news in a telephone call on Saturday.

"A test has proved" the pregnancy, the paper quoted Van der Sloot as saying.

The woman, identified by the paper only as "Leidi," was said to have become pregnant during an unsupervised visit with Van der Sloot. It was not clear whether that is allowed or possible under Peruvian prison rules.

by Nomad (Bjinse) on Mon Oct 8th, 2012 at 06:55:56 PM EST
[ Parent ]


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